Best way to learn it the hard way :). Next FOMO runs are going to have less effect on you.
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Cryptocurrency |OT2| Money's New ERA Shoots for the Moon! | Read OP for Thread Rules
- Thread starter breakYODAy
- Start date
- OT
No silly, the real lesson is to FOMO harder to make up for his losses!
don't do this
To be fair, RaiBlocks FOMO went on for about 6 weeks; there were lots of opportunities to get in and out. Unless your XRB got stuck on BitGrail.
I remember when i looked at XRB when it was around 2 €. "After this huge gains, it's not going to rise more anytime soon. Don't give in to FOMO".... Next time i looked it up it was climbing over 15 €, and that was just like 10 days later.
Would have probably been stuck on Bitgrail now though so maybe i dodged a bullet.
Up 800 € on VEN which i cut out from my precious ARK stack. Not bad. Not going to add more since i have a nice round number of all my coins now.
Would have probably been stuck on Bitgrail now though so maybe i dodged a bullet.
Up 800 € on VEN which i cut out from my precious ARK stack. Not bad. Not going to add more since i have a nice round number of all my coins now.
Really liking this run so far. Built up my VEN stock enough where I'm content to sit back and watch what happens leading into the rebranding. Up about 60% for the month following BTC's most recent nadir.
Also, switching from VTC mining to NiceHash has seen a 40% boost in output this first week.
We back boyz.
Also, switching from VTC mining to NiceHash has seen a 40% boost in output this first week.
We back boyz.
Thoughts on ARK? I'm holding a sizable amount, it's just disturbing me that it's been a slow, slow downward trend over the last few months. You guys think it's a good long-term? Have faith? HODL?
The ARK Conundrum.
Good team, solid progress, good roadmaps, possibly game changing tech
All things which the market has little care for.
I had my crypto in ARK, sold it before the new year. Personally, there is little reason to hold onto coins which don't move for considerable amounts of time unless you think you found a gem. Even then, you're losing good value if you are holding on a coin which stagnates for months at a time in this market.
ARK completely retraced after the crash and with no real news or announcements in the short term, I doubt it's going to move at all until the major development goals are hit.
At this point, with long term coins with month long roadmaps and little marketing, you would be more served to put your stacks in ETH or BTC and watch the coins you think have major potential closely for news and announcements, buying back in with your BTC or ETH stack to ride pumps.
But like Brandson says, trade at your own risk. There are viable and legit strats to holding and not fucking around in the market.
Is the decline of NANO provoked by the Bigtrail incident?
Good post. Still think ARK has at least one major breakout ahead if i look at everything they already have established and planned. ARK is still my biggest position in my portfolio but i got most of it very early (sub $1) and i contantly get new free ARK so i really don't mind the slow (price) development. Although you start to wonder how LISK is where it is or other coins while this rather moves sideways. I still have patience.
I guess. A certain decline was to be expected with the Binance launch because it was the first opportunity to sell their XRB / Nano for many. (Kucoin had been working fine and had decent volume but it's still small compared to Binance.) Falling from around 200k to sub 70k is a bit ridiculous though and hard to explain by anything other than there not being a lot of enthusiasm for the coin at the moment.
I'm not holding any Nano anymore but I'm kinda considering getting back in at this price -- adoption apparently continues to be happening, wallets will get released soon. Then again, the price might drop even more...
There is a lot of circumstances
1) Coin went from nothing to 35 USD on a very short time scale
2) The coin was on an exchange that had little liquidity (Bitgrail)
3) Once the coin was on other exchanges people could trade and sell more freely
4) Node issue + people selling coins in order to lock in insane gains
5) Market crashed
6) Bitgrail, which now ended up being due to liquidity issues, forced anyone who wanted to trasnfer their NANO, had to exchange for BTC in order to transfer out of the exchange
7) Binance listing allowed for ease liquidity, so once the bad news started to really hit, people could easily sell their NANO with little issue and cash out.
8) Someone hacked and gained control of 12% of all NANO to sell, helping in nuking the price
That supposedly happened in October though, so it shouldn't have an influence now -- if it even was a single person to begin with.
Interesting, thanks for your insight. I too bought it cheap as the poster above did, so I may hold for a bit. I'm not doing any day trading, so I may as well sit on it for a while and see if a big announcement comes.
Thanks for the information, i do not hold any NANO but it is little shocking to watch the price right now.
I think that ARK could do really well in the second part of the year. Team is hard at work and looks like the project is coming along nicely.
https://twitter.com/coinbase/status/966002538326638592
https://twitter.com/bitfinex/status/965983482152407041
Coinbase and Bitfinex both should have Segwit soon. That's huge for the network.
The outrageous fees for sending Bitcoin seem to be at an end for now. I just spent 9 cents to send five figures from my Nano and got on the next block. If fees are this low, I'm not sure how to justify the existence of Bcash.
https://twitter.com/bitfinex/status/965983482152407041
Coinbase and Bitfinex both should have Segwit soon. That's huge for the network.
The outrageous fees for sending Bitcoin seem to be at an end for now. I just spent 9 cents to send five figures from my Nano and got on the next block. If fees are this low, I'm not sure how to justify the existence of Bcash.
Following-up on this post from last week. I think there is a high likelihood of BTC bouncing off around $12-12.5k and falling to the $9-10k range, before breaking higher. It could fall lower than that, but I personally think a re-entry in that range is good. I can see ETH falling to around $800 in this move. A trading strategy could be to sell close to $12k, and wait to see what happens. If it breaks higher on volume, buy back in. If it falls, you can buy in lower whenever you feel comfortable about it. I maintain that I don't think this move needs to be traded if you're just patient. There is some risk/reward involved with this strategy. ETH might also continue to take some time to follow BTC up after such a move, as we have been seeing over the last few weeks. I also think holding BTC and/or ETH from here should be just fine in the year ahead, despite any short term down moves.
Trade at your own risk.
I don't think that it was underwhelming at all. It was a really nice relaunch and the new website and wallet look amazing. The marketing and promotion videos are top notch.
But the technical stuff is.. well.. technical! And stuff like this is always a bit tedious and lengthy. But i saw a very nice improvement over the last show.
Also, there's no rebrand/relaunch that curbed on the price on the same date. Not even NEO, which also went down and needed around 2 days to reflect everything and then shot up.
I think i have to update my avatar now, as we got a new design.
If someone missed it and is interested, here the new material of Lisk. Not to understand as shilling or buying advice, still trade at your own risk.
New Lisk logo:
Rebranding Video
What is Lisk?
Create the future: Lisk brand video:
Blame prophet Brandson haha. He gave his latest prediction then BTC bounced to around 11,950 and the dip started. I know it's all guesswork based on historical patterns and trends but damn, he's on a roll these last few weeks
Is buying BTC on Cash App an ok way to get started? I have spare cash, if this is a dip I figure I might as well throw some at it since it's so easy.
Wish I saw this earlier. Would have sold vechain and rebought. oh well. Thanks for always giving us updates!
So from various reports i read, the Petro (PTR) pre-sale from Venezuela seems to be going strong (700m+ $) .
This will probably end in a fuck up somehow and leave the people there with less than before.
https://www.coindesk.com/petro-debut-learned-venezuelas-cryptocurrency-today/
This will probably end in a fuck up somehow and leave the people there with less than before.
https://www.coindesk.com/petro-debut-learned-venezuelas-cryptocurrency-today/
And bolster the Maduro regime.
SEE YOU SPACE COWBOY ...
I know some of these
Ryu Hey I'm not dissing Lisk, but I think the market clearly indicates that people expected more.
The new stuff hasn't launched yet though, as you mentioned.
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I'm a bit shocked that people are willing to throw in so much money when the currency is backed by oil that hasn't even been pumped out of the ground yet.
Most coins are backed by nothing but air lol what is the difference?
Although lot of Crypto wants to be decentralized and independent, investors always cheer when there is a government involved because government = stable / lot of backing and lots of buyers (in the mind of a lot of people). Even a tiny hint that china's government is backing a coin/token and people instantly cream their pants.
Having even a glimpse of faith for the Venezuelan "government" is lol worthy when you look at how they managed an actual oil rich country to the absolute ground.
Hmm... points taken. lmao.
I guess it's just skepticism since the "team" behind it is the Venezuelan government.
That's like Bubsy getting another ga--
wait a second...
2nd page? Interest in crypto has fallen as much as the prices LOL.
Anyone have opinions on NAS and NIO?
NAS is interesting, made up of former google employees and its trying to basically be the google of blockchain, a blockchain search engine. The team behind it looks very promising.
NIO is another interesting one and pretty cheap. They partnerd with bitshare recently and our trying to launch an AI trading platform. I am a bit skeptical on this one as some of it sounds like bitconnect, but it also isn't promising 1% interest or acting as a lending platform. They recently made a deal to get into brazil and promote their platform there.
I think South America has a chance to be a big market for crypto. It actually has a chance to be used as an actual currency there due to lots of the instability around their own money (especially a place like Venezuela), but it also creates greater possibility for fraud or government intervention.
I would also keep an eye out on Philippines where the banks are giving license to exchanges (so banks and exchanges working together) and Africa. China/Korea will always be big players but I think some more underdeveloped markets and ICO that try to serve them present good opportunities.
Anyone have opinions on NAS and NIO?
NAS is interesting, made up of former google employees and its trying to basically be the google of blockchain, a blockchain search engine. The team behind it looks very promising.
NIO is another interesting one and pretty cheap. They partnerd with bitshare recently and our trying to launch an AI trading platform. I am a bit skeptical on this one as some of it sounds like bitconnect, but it also isn't promising 1% interest or acting as a lending platform. They recently made a deal to get into brazil and promote their platform there.
I think South America has a chance to be a big market for crypto. It actually has a chance to be used as an actual currency there due to lots of the instability around their own money (especially a place like Venezuela), but it also creates greater possibility for fraud or government intervention.
I would also keep an eye out on Philippines where the banks are giving license to exchanges (so banks and exchanges working together) and Africa. China/Korea will always be big players but I think some more underdeveloped markets and ICO that try to serve them present good opportunities.
How on earth do you tell this lol. Thanks for making me a quite a bit of money overnight with your predictions.
I am no Brandson, but I would suggest looking up leadingtrader on youtube or Alessio Rastani(its the same). Lots of great videos about charts, and he covers a lot of the same stuff Brandson does (maybe they are the same person :-)).
Thanks for the comparison to a professional trader. If my results are in the same ballpark as his, that is really encouraging for me, personally, since this isn't my profession.
I read all your post in his voice LOL.
And from the video's I have watched you have been right along with him in what you are saying and what he is saying, pointing out all the same highs/lows, resistance points, and price predictions.
I hadn't heard of him before your post, so that's interesting that we have the same approach.
If it continues to hold above 10.3, then yes, I expect it to make an attempt at 11.3. If it falls below 10.3, then 11.3 is much less likely in the short term. These numbers are selected by looking at recent support/resistance levels in view to the possibility of drawing a head and shoulders pattern on 4H timeframe. Breaking the 4H 200EMA usually needs some help. Slowly inching through it on low volume would be atypical. Completing a head and shoulders would provide sufficient momentum for that to happen, which is what I was anticipating when picking those numbers earlier.
Edit: The 200EMA on 1H is also around the same level as the 200EMA on 4H, and 10.3 was a previous support level as well. All those factors suggest to me that 10.3 will hold in the short term, but we'll see. If it doesn't hold, that could be a signal to bail out.
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